Impax Asset Management Group (LON:IPX) was downgraded by equities researchers at Peel Hunt to an “add” rating in a research report issued on Wednesday, November 29th. They currently have a GBX 165 ($2.21) price target on the stock, up from their prior price target of GBX 150 ($2.01). Peel Hunt’s price objective would suggest a potential downside of 4.62% from the stock’s current price.
Impax Asset Management Group (IPX) opened at GBX 173 ($2.31) on Wednesday. Impax Asset Management Group has a 12 month low of GBX 63 ($0.84) and a 12 month high of GBX 175 ($2.34). The firm has a market cap of $381.52 and a price-to-earnings ratio of 2,471.43.
In other news, insider Ian Simm sold 450,000 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of GBX 142 ($1.90), for a total transaction of £639,000 ($854,392.30).
Impax Asset Management Group plc is an investment company offering listed and private equity strategies primarily to institutional clients. The Company has six listed equity strategies: Specialists, Leaders, Water, Asia-Pacific, Global Opportunities, and Food and Agriculture. Its real assets business comprises renewable power generation and sustainable property private equity funds.
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